Breakwater Investment Management

Q1 2026 13F-HR Holdings

Location
Seattle, WA
Holdings as of
3/31/2026
Date filed
5/14/2026
Form type
13F-HR
Num holdings
506
Total value ($000)
$268,944
Net value change ($000)
-7,453 (-2.7%)
New positions
78
Sold out positions
69
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/2/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EMHC 1,665 1447.8%
EBND 853 729.1%
IAGG 846 18.8%
SPAB 755 44.3%
SCHD 408 10.2%
VTEB 237 20.8%
PRIV 210 1615.4%
HYBL 197 985.0%
PIT 196 30.4%
VEU 195 2.8%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -2,976 -24.4%
VTI -2,680 -6.6%
BNDX -2,302 -20.0%
SCHB -1,333 -5.8%
BND -968 -8.6%
XLK -654 -100.0%
MGK -597 -11.8%
AMZN -588 -12.0%
BBEU -331 -20.5%
MGC -300 -20.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type